Infinite launches a bank account service that integrates fiat currency and stablecoin transfers, supported by Erebor Bank

Mars Finance reports that, according to The Block, B2B stablecoin technology provider Infinite has launched Infinite Accounts, offering bank account services to businesses for supporting deposits, withdrawals, ACH, domestic and international wire transfers, as well as stablecoin minting, burning, and on-chain transfers, all accessible through a single API. The service is supported by Erebor Bank, which recently received a license for traditional banking infrastructure. Infinite states that fiat currency balances in accounts may be covered by FDIC insurance, while stablecoin balances are not. This move comes at a time when institutional stablecoins are experiencing continued growth.